Buy When Nobody Wants to Buy - Refresher
It appears that this strategy was not exactly clear to some of my readers. So when is the time to buy?
Firstly do NOT buy when prices are falling like Iris did yesterday. Like someone said, that is like trying to catch a falling sword, it will cut you in half. No, thats not the time to buy.
The time to buy is AFTER the selling has been done & the stock enters a "quiet" period, i.e. low volume, prices do not fall too much (small fall is ok) & you do not see many sellers waiting to unload. As an example, the time to buy in MTD Inf & Iris is shown in red and times NOT to buy in blue. I have used stocks that have taken big falls because this strategy is the only strategy to use in these highly volatile stocks.
I believe this should clarify this strategy.
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